- IGas Energy said its production for the year through December was tracking at the top end of its previous guidance range.

The company had forecast annual output of between 2,200 and 2,400 barrels of oil equivalent per day.

Operating costs were still anticipated to be $31 per barrel of oil equivalent.

IGas also announced that it had completed the repayment of its secured bonds at par value plus accrued interest through the drawdown of $25m from a recently announced lending facility with BMO Capital Markets.

'It is very pleasing to announce the completion of the refinancing, which brings with it greater available capital to grow our conventional business, alongside a reduction of financing costs of around $1m on an annualised basis,' chief executive Stephen Bowler said.

At 1:15pm: [LON:IGAS] Igas Energy PLC share price was -0.4p at 35.4p

Story provided by